Matterport, Inc. (NASDAQ:MTTR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of Matterport, Inc. (NASDAQ:MTTR) by 7.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,534,162 shares of the company’s stock after purchasing an additional 471,641 shares during the quarter. Geode Capital Management LLC owned 2.02% of Matterport worth $29,410,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in Matterport by 14.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,312,945 shares of the company’s stock worth $10,408,000 after acquiring an additional 288,544 shares during the period. Magnetar Financial LLC bought a new position in shares of Matterport during the 2nd quarter valued at about $27,598,000. Alpine Associates Management Inc. grew its stake in shares of Matterport by 57.2% in the 3rd quarter. Alpine Associates Management Inc. now owns 2,045,682 shares of the company’s stock worth $9,206,000 after purchasing an additional 744,582 shares during the last quarter. Western Standard LLC bought a new stake in shares of Matterport in the 3rd quarter worth approximately $3,322,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Matterport during the second quarter valued at approximately $3,142,000. Institutional investors own 36.96% of the company’s stock.

Insider Buying and Selling at Matterport

In other news, CEO Raymond J. Pittman sold 358,607 shares of Matterport stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $4.73, for a total value of $1,696,211.11. Following the transaction, the chief executive officer now owns 4,176,241 shares of the company’s stock, valued at $19,753,619.93. This trade represents a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Japjit Tulsi sold 85,015 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $4.73, for a total transaction of $402,120.95. Following the sale, the chief technology officer now directly owns 608,744 shares of the company’s stock, valued at approximately $2,879,359.12. This represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 670,163 shares of company stock worth $3,163,371 over the last ninety days. 17.50% of the stock is currently owned by insiders.

Matterport Stock Performance

Matterport stock opened at $4.78 on Friday. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of -5.76 and a beta of 1.06. Matterport, Inc. has a 1 year low of $1.73 and a 1 year high of $5.00. The firm’s 50 day moving average price is $4.76 and its two-hundred day moving average price is $4.50.

Matterport (NASDAQ:MTTR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $43.79 million during the quarter, compared to analyst estimates of $43.91 million. Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS. As a group, equities analysts predict that Matterport, Inc. will post -0.44 EPS for the current fiscal year.

Matterport Company Profile

Matterport, Inc, a spatial data company, focuses on digitization and datafication in the United States and internationally. The company offers Matterport Capture Services, a fully managed solution for enterprise subscribers; Matterport Pro3, a 3D camera that scans properties; Matterport Pro2, a 3D camera that captures spaces; LEICA BLK360, a device to create digital twins; Smartphone Capture, a smartphone capture solution for both iOS and Android; and 360 Cameras.